Personal Finance

Bad economic news just keeps piling up. Today, the news about jobless claims from the AP:Initial requests for jobless benefits rose last week to their highest level since April, a sign that hiring remains weak and some companies are still cutting workers.The Labor Department said Thursday that new claims for unemployment insurance rose by 19,000 to a seasonally adjusted 479,000. Analysts had…

George Will and Paul Krugman had another showdown about fiscal policy on Sunday, and the ABC contributor made it crystal clear to viewers that he doesn't agree with the perilously liberal New York Times columnist.As the Roundtable segment of "This Week" moved to a discussion of whether more economic stimulus is needed versus deficit reduction, Krugman made his predictable request for the former.…

Chris Matthews on Monday got a much-needed lesson from Rep. Paul Ryan (R-Wisc.) on how tax hikes impact the budget as well as the economy."Congressman Ryan, is there any tax role for reducing our $1.4 trillion to $1.7 trillion debt this year -- deficit this year?" Matthews asked during the 5PM installment of MSNBC's "Hardball." "Is there any role in tax increasing to help do that job?"When Ryan…

While Washington lawmakers may be deadlocked over extending unemployment benefits, the liberal media are picking up the slack and helping unemployed individuals find more government help. In a July 13 story on CNNMoney.com, reporter Hibah Yousuf profiled two individuals who've been unemployed for over 99 weeks, the maximum number of weeks a person is eligible for unemployment benefits. Yousuf…

Channeling her inner Nancy Pelosi, Rachel Maddow on Sunday actually said extending unemployment benefits is "the most stimulative thing you can do" to help the ailing economy.Appearing on the panel discussion of NBC's "Meet the Press," Maddow boldly presented a liberal view of economics that only the current House Speaker would be proud of."I think that most Americans also, though, understand the…

George Will on Sunday accused Barack Obama of being an expert at selling snake oil.As the Roundtable segment of ABC's "This Week" began, host Jake Tapper asked Will if the President's claim Republicans "are peddling that same snake oil that they've been peddling now for years" will resonate with voters this November.Will marvelously responded, "No, because he is an expert on snake oil." "This is…

The Los Angeles Times on Thursday published a blockbuster report concerning California welfare recipients using state-issued debit cards at casino ATMs to be able to instantly gamble with taxpayer dollars."The cards, provided by the Department of Social Services to help recipients feed and clothe their families, work in automated teller machines at 32 of 58 tribal casinos and 47 of 90 state-…

"[Carly Fiorina's] position on taxation would deprive women of childcare."The Hyde Amendment "penalizes poor women terribly.""You can't be a feminist who says other women can't" have an abortion.These are just some of the outrageous statements left-wing feminist Gloria Steinem made during an interview with CBS anchor Katie Couric on the latest installment of "@katiecouric," which was posted to…

On Friday, Investors Business Daily (IBD) reported on leaked government documents identifying what employer-provided health plans can and cannot do if they wish to retain their "grandfathered" status under the statist health care legislation commonly known as ObamaCare that became law on March 23. One of the items in the government document (83-page PDF) is the following table, which estimates…

The Pentagon rescinded the invitation of evangelist Franklin Graham to speak at its May 6 National Day of Prayer event because of complaints about his previous comments about Islam. The Military Religious Freedom Foundation expressed its concern over Graham's involvement with the event in an April 19 letter sent to Secretary of Defense Robert Gates. MRFF's complaint about Graham, the son of…

Surprise: NBC finally found a business it likes - even a business decision it likes: companies that help homeowners who decide to walk away from their mortgages. "New figures show foreclosures in the U.S. are up about 35-percent from a year ago," Matt Lauer kicked off an April 20 segment of "Today" that encouraged homeowners - even those financially comfortable - to simply walk away. "And a…

Watch the latest business video at <a href="http://video.foxbusiness.com/">video.foxbusiness.com</a>Another devastating intended/unintended consequence of the Obama administration's major government expansion: charity organizations (already in deep struggle to weather current economic conditions) will likely experience…

Whenever you are bored or in need of a good laugh, help yourself to some mainstream media coverage of the economy under President Obama. Each month we at NewsBusters wonder how the recession will be spun anew, and each month news outlets act with increasing hilarity. First up for April was an earnest little piece by USA Today writer Matt Krantz published Thursday. Krantz insisted on reporting "…

There's a new CBS News poll getting a lot of attention the past few days claiming that more Americans believe their taxes are fair today than did in 1997.Unfortunately, the coverage ignores why this likely is the case: the percentage of Americans that don't pay taxes has doubled since 1997.As such, it makes sense that more folks feel their taxes are fair.Such logic wasn't included in CBSNews.com'…